一、董事会会议召开情况 北京当升材料科技股份有限公司（以下称"公司"）第六届董事会第十四次 会议于 2025 年 6 月 17 日以通讯表决的方式召开。会议通知已于 2025 年 6 月 12 日以邮件的方式发出。本次会议应出席董事 9 名，实际出席董事 9 名，公司董事 长陈彦彬先生主持会议，公司监事及高级管理人员列席了本次会议。本次会议的 召集、召开程序符合《中华人民共和国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 审议通过了《关于调整公司第六届董事会审计委员会委员的议案》 鉴于公司原董事肖林兴先生因个人原因已辞去公司第六届董事会董事及董 事会审计委员会委员职务，公司2024年年度股东大会选举张亚滨先生为第六届董 事会非独立董事。公司董事会决定对董事会审计委员会组成人员进行相应调整， 调整后的董事会审计委员会组成情况如下： 北京当升材料科技股份有限公司 第六届董事会第十四次会议决议公告 证券代码：300073 证券简称：当升科技 公告编号：2025-050 北京当升材料科技股份有限公司 第六届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记 ...

智通财经6月9日电，当升科技在互动平台表示，公司成功研发出高电化学活性、超高镍固态专用大尺寸 单晶正极材料，目前已实现批量生产并装车应用。固态电池凭借其高能量密度、高安全性等优势，在新 能源汽车、低空经济、机器人等领域应用前景广阔。 当升科技：公司成功研发超高镍固态专用大尺寸单晶正极材料 ...

Investment Rating - The report maintains a "Recommendation" rating for the electric vehicle industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [18]. Core Insights - In May 2025, new energy vehicle deliveries from various manufacturers totaled 311,797 units, representing a year-on-year increase of 53% and a month-on-month increase of 41%. Zeekr led the sales with 46,538 units, showing a year-on-year increase of 150% and a month-on-month increase of 239% [5]. - Cumulative deliveries of new energy vehicles from domestic manufacturers reached 1,143,627 units by May 2025, reflecting a year-on-year increase of 327% [5]. - The report highlights that battery components are the most valuable parts of electric vehicles, suggesting a focus on upstream supply chains due to stable delivery growth from new energy vehicle manufacturers [5]. Summary by Sections Industry Basic Data - The electric vehicle industry comprises 300 listed companies with a total market capitalization of 48,588.68 billion and a circulating market capitalization of 42,362.62 billion [2]. Relative Index Performance - The absolute performance of the industry over the past month is 2.5%, with a 6-month performance of -8.5% and a 12-month performance of 3.3%. The relative performance shows a 0.6% increase over the past month, a -6.5% decrease over 6 months, and a -3.5% decrease over 12 months [3]. Delivery Performance - The report details the delivery performance of various new energy vehicle manufacturers in May 2025, with significant year-on-year growth for brands like Xiaopeng (230%), Li Auto (17%), and others, indicating a robust market demand [5].

据悉， 瑞浦兰钧与晓星重工业于5月27日在韩国首尔正式签署电池储能系统领域战略合作备忘录（MoU）， 瑞浦兰钧将为其供应2.5GWh的 储能产品。 具体合作方面，确定以 "构建全球储能战略框架" 为核心，瑞浦兰钧将为晓星重工业供应储能电芯、模组及直流集装箱，并提供系统设计集 成、质量控制等技术支持；晓星重工业则将负责全球推广、本地化及认证工作。 01 中国电池企业全球扩张步伐加速，尤其在储能领域，即使是面对一直与中国"扳手腕"竞争的韩系电池企业，中国企业也正长驱直入其大本营 市场。 近日，从瑞浦兰钧官方平台获悉，其拿下韩国企业晓星重工业（Hyosung Heavy Industries）2.5GWh 储能产品合作订单。 多家锂电企业"攻入"韩国主场 据介绍，晓星重工业成立于1977年，是韩国一家上市企业，其在高压及超高压电力设备、能源基础设施领域的全球竞争力备受认可，在韩国 以及欧洲变压器市场拥有重要的份额。 目前，凭借数十年工程总承包（EPC）经验与强劲的系统工程能力，晓星重工业向中东、东南亚、美洲及欧洲供应了大量高可靠性电力系统， 成为推动全球能源转型的重要参与者。 市场认为，晓星重工业与瑞浦兰钧的合作， ...

Group 1 - The board meeting of Beijing Dangsheng Material Technology Co., Ltd. was held on May 29, 2025, via telecommunication voting, with all 9 directors present [1][2] - The board approved the "2024 Internal Control System Work Report" to enhance internal control and risk management in accordance with regulatory requirements [1][2] - The report was reviewed and approved by the board's audit committee before being submitted for board approval [1]

第六届董事会第十三次会议决议公告 北京当升材料科技股份有限公司 第六届董事会第十三次会议决议公告 证券代码：300073 证券简称：当升科技 公告编号：2025-049 北京当升材料科技股份有限公司 二、董事会会议审议情况 审议通过了《2024 年度内控体系工作报告》 为深入推进公司内部控制体系建设与监督工作，进一步强化内部控制与风险 管理，公司按照内部控制相关监管要求，结合公司内部控制工作实践，编制了 《2024 年度内控体系工作报告》。本报告已经公司董事会审计委员会审议通过， 并同意将该报告提交公司董事会审议。 经表决：同意 9 票；反对 0 票；弃权 0 票。 三、备查文件 1、第六届董事会第十三次会议决议； 2、董事会相关专门委员会审议证明文件； 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 北京当升材料科技股份有限公司（以下称"公司"）第六届董事会第十三次 会议于 2025 年 5 月 29 日以通讯表决的方式召开。会议通知已于 2025 年 5 月 23 日以邮件的方式发出。本次会议应出席董事 9 名，实际出席董事 9 名 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5] Core Views - The company reported a revenue of 1.908 billion yuan for Q1 2025, representing a year-on-year increase of 25.8% but a quarter-on-quarter decrease of 7.7% [3][10] - The net profit attributable to the parent company was 111 million yuan, showing a slight year-on-year increase of 0.22% and a significant quarter-on-quarter growth [3][10] - The non-recurring net profit was 67 million yuan, reflecting a year-on-year decline of 36.13% but a quarter-on-quarter turnaround [3][10] - The gross margin for Q1 2025 was 10.93%, down by 3.96 percentage points year-on-year but up by 0.57 percentage points quarter-on-quarter [10] - The company expects continued growth in ternary cathode products, driven by overseas customer demand, and anticipates positive growth in lithium iron phosphate and lithium cobalt oxide sales [10] Financial Performance - The company’s total inventory at the end of Q1 2025 was 1.366 billion yuan, an increase of 47.4% year-on-year and 28.9% quarter-on-quarter [10] - The operating cash flow for Q1 2025 was 361 million yuan, showing a year-on-year improvement but a 19% decline from the previous quarter [10] - The company forecasts a net profit of 500 million yuan for the full year of 2025, supported by the growth of overseas customers and rising metal prices [10]

Core Viewpoint - The company reported a revenue of 1.908 billion yuan for Q1 2025, reflecting a year-on-year growth of 25.8% but a quarter-on-quarter decline of 7.7%. The net profit attributable to shareholders was 111 million yuan, showing a slight year-on-year increase of 0.22% and a significant quarter-on-quarter growth. However, the non-recurring net profit decreased by 36.13% year-on-year but turned profitable quarter-on-quarter [1][2]. Financial Performance - The gross margin for Q1 2025 was 10.93%, which represents a year-on-year decline of 3.96 percentage points but an increase of 0.57 percentage points quarter-on-quarter [2]. - The company's inventory at the end of Q1 2025 reached 1.366 billion yuan, marking a year-on-year increase of 47.4% and a quarter-on-quarter increase of 28.9% [3]. - The operating net cash flow for Q1 2025 was 361 million yuan, turning positive year-on-year but decreasing by 19.0% quarter-on-quarter [4]. Business Outlook - For 2025, the company expects continued rapid growth in ternary cathode products, driven by increased orders from overseas clients such as SK and LG. The iron-lithium business is also anticipated to grow positively as domestic and international energy storage clients ramp up [4]. - The company forecasts a net profit attributable to shareholders of 500 million yuan for 2025, supported by the expected growth in overseas customer orders and rising metal prices [4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 1.908 billion yuan for Q1 2025, representing a year-on-year increase of 25.8% but a quarter-on-quarter decrease of 7.7%. The net profit attributable to the parent company was 111 million yuan, a year-on-year increase of 0.22% and a significant quarter-on-quarter increase. The non-recurring net profit was 67 million yuan, showing a year-on-year decrease of 36.13% but a quarter-on-quarter turnaround [2][4]. - The company is expected to see further growth in shipments of positive electrode products, particularly from overseas clients, with iron-lithium positive electrode shipments anticipated to increase significantly. The gross profit margin for Q1 2025 was 10.93%, down 3.96 percentage points year-on-year but up 0.57 percentage points quarter-on-quarter [11]. - The company is projected to achieve a net profit attributable to the parent company of 500 million yuan in 2025, driven by the growth of overseas clients and rising metal prices, which are expected to enhance profitability [11]. Summary by Sections Financial Performance - For Q1 2025, the company achieved a total revenue of 1.908 billion yuan, a 25.8% increase year-on-year, while net profit attributable to the parent company was 111 million yuan, reflecting a slight year-on-year increase of 0.22% [2][4]. - The gross profit margin for Q1 2025 was 10.93%, with a year-on-year decline of 3.96 percentage points but a quarter-on-quarter increase of 0.57 percentage points [11]. Business Outlook - The company anticipates continued growth in its ternary positive electrode business, with contributions expected from overseas clients such as SK and LG. The iron-lithium business is also expected to grow as domestic and international energy storage clients ramp up [11]. - New technology developments, including high-nickel ternary and sodium batteries, are progressing well, which may further enhance the company's market position [11].

Group 1 - The China Automotive Engineering Society released the "Full Solid-State Battery Determination Method" standard, clarifying the definition of solid-state batteries and addressing industry ambiguities and testing method deficiencies [1] - Solid-state batteries offer advantages such as higher safety, energy density, cycle life, mechanical strength, wider temperature adaptability, and material selection, with high safety and capacity being core benefits [1] - Beneficiary companies in the materials sector include CATL, BYD, Yiwei Lithium Energy, Penghui Energy, Tiannai Technology, Xiamen Tungsten, and others [1] Group 2 - The industrialization of solid-state batteries is accelerating, with a focus on the sulfide route in the materials sector and key incremental developments in the equipment sector related to "dry," "press," and "stack" processes [2] - In the front-end segment, dry electrode equipment and solid electrolyte dry film forming equipment are expected to gradually replace traditional wet equipment [2] - The solid-state battery production process requires significantly higher pressure during formation, leading to increased demand for high-pressure formation equipment [2]